Subsidiaries aim to accelerate the development of artificial intelligence algorithms and cloud computing
Beijing, Oct. 20 / PRNewswire-Asianet /-- WiMi Hologram Cloud Inc Software Co., Ltd. (hereinafter referred to as "Weiyi" or "the company") (Nasdaq: WIMI) today announced the establishment of its subsidiary, WiMi Hologram Cloud Inc Technology, and appointed Mr. Yi Chengwei, former Chief Technology Officer of WiMi Hologram Cloud Inc, as CEO of Weiyi Technology to accelerate the development of artificial intelligence ("AI") algorithms and cloud computing services.
Mr. Yi Chengwei, CEO of Weiyi Technology, commented: "this is an exciting opportunity for our team." By making more effective use of our existing AI, cloud computing and intellectual property resources, we will accelerate the pace of development, go beyond the business model of terminal + cloud services, and further actively unlock the potential value of WiMi Hologram Cloud Inc. Our long-term goal is to become a CPU ('CPU') the global leader in AI algorithms. We firmly believe that by focusing on the development direction of AI algorithms and cloud computing services in the company's long-term goals, Weiyi Technology can make better use of its advantages to expand market share and create more long-term value for our customers, WiMi Hologram Cloud Inc and the company's shareholders."
Weiyi Technology will focus on the growth of low-latency cloud computing and data services, supporting a wide range of data-centric applications, including games, multimedia entertainment, online and mobile advertising, and PaaS cloud services. With the worldwide deployment of the 5G network, the company will be able to deploy and support its advanced AI product advertising and gaming platform services more widely and faster. At the same time, the company will continue to invest in the core technologies in the field of intelligent analysis and processing of large-scale heterogeneous data to further enhance the value and efficiency of customer data.
By constantly seeking technological innovation and breakthroughs, the company will further deepen its relationship with industry chain partners and jointly build a science and technology service ecosystem in the field of cloud computing.
Management change
On October 16, 2020, after Mr. Meng Fanhua resigned as CEO and director of the company for personal reasons, the company announced the appointment of Mr. Shi Shuo as CEO and director.
Shi Shuo has been WiMi Hologram Cloud Inc's chief operating officer since September 2018 and WiMi Hologram Cloud Inc's deputy general manager since February 2017. He has more than 10 years of experience in sales marketing, network management and cultural media. From February 2014 to December 2016, he served as Secretary-General of Shenzhen 3D Film Association, China 3D Film production Association. Previously, he served as deputy general manager of Shenzhen Stereoscopic Network Culture Media Co., Ltd., a Chinese cultural media company, from November 2011 to February 2014. Shi Shuo received his bachelor's degree from Renmin University of China in 2006.